USD/JPY – 1H – SELL

And also a ‘Double top chart pattern’ chart pattern is detected. The chart picture forms ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

The pair US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline down.

A bearish descent down to the next support line at will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 148.776 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

And also a ‘Bearish Belt Hold’ candle chart pattern is discovered. The chart forms ‘Bearish Belt Hold’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

148.776 – 148.181 – 147.906 – 147.787 – 146.659 – 147.098 — 45.259080102749 – 21.147548808102 — 24.685418208734 – 17.100912904022 – 21.549970533483 – 19.790878048472

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Belt Hold – Double top chart pattern – –